Ipso Ventures Share Discussion Threads

[topinfo] 17/1/2013 16:15

PLMO
From Rns
Financial performance

As at the balance sheet date, owing to the sale of two of three of the Group's subsidiaries, the Group comprised the holding company and PLUS-DX only. The loss for the period of GBP0.93 million represents a loss from the continuing operations of GBP0.94 million and a profit from the discontinued operations of GBP0.01 million. Net assets of GBP1.65 million included GBP1.3 million of cash and bank balances.

[topinfo] 17/1/2013 16:13

PLMO Take a look at this Guys has 0.4p in cash in bank and is a cash shell. Sp is 0.19p so upside of over 100% just to get to cash level and as we have seen lately cash shells are going way over their cash levels so this could even surpass cash level of 0.4p in this current Bull mkt of CASH SHELLS.

[jojo_jo] 17/1/2013 15:57

Are PRS locked in, or can they start selling on Feb.1st? Just wondered. This is a massively discounted placing, even at the former 0.6p price. Certainly a brilliant deal for Paternoster.
IMPO/DYOR.

[electrick] 17/1/2013 15:33

sub 1p end of day?? it didnt take much to get the herd moving.. just a couple of thousand and too many people with a propensity to gamble.. brilliant

[induna123] 17/1/2013 15:16

FFS. I was only looking at this a couple of days ago after all the IPSA ramping.

Could have doubled my money here.

Oh well :)

[sweepie2] 17/1/2013 13:35

Yes but remember the old investments are not doing very well and need funding, lots of doubt whether they are worth £1.55m.
The statement is correct but remember Nick Lee doesn't take charge of PLR until 1/2/13 so why would he tell the present board. I bet they won't release a statement like that on 1/2/13.
This rise has come from somewhere

[parvez] 17/1/2013 13:31

Dusseldorf, exactly the question I was going to ask!
another way of playing this one is through PRS

[dusseldorf] 17/1/2013 13:29

Am I right in assuming anyone buying before 28th Jan is entitled to preference B shares in unlisted entity IPSO Management with £1.5m assets and will still hold equity shares in the newly named corp, which is essentially a cash shell with circa £450k cash looking for an oil and gas prospect?

[howdlep] 17/1/2013 13:16

standard RNS as expected courtesy of their NOMAD. At least it reiterates the restructure date, as mentioned earlier today on this bb. However, pi's need to be aware of the earlier record date.
that said, another opportunity here for people to get in.

[electrick] 17/1/2013 11:04

like I said... just thought I would mention it.....

[euclid5] 17/1/2013 11:04

Am I right in that there will be just 144m new shares on this de-merger going through

Plus as they wil be investing in the oil & gas / resources sectors they will need to raise fresh equity via placings for investment purposes

[tomboyb] 17/1/2013 11:01

For a moment - i thought an entreprenaur had come on board at the 0.25p level -
I'm assuming PRS is the largest shareholder -

[mark knopfler] 17/1/2013 10:59

Well done on your 0.26p.

You're the best.

[electrick] 17/1/2013 10:57

i was the 2nd and 3rd buy this am approx 109000... first time i had looked in for a while and thought" hell this is cheap" so chucked a bit at it....

Didnt know the recent history and it seems i may have caused a stampeed as my buys ticked it up a little.. then a couple of others and before I know it i had a sell order in at 1.35... It was remarkable really.

Thought I would mention it.. good luck all

[howdlep] 17/1/2013 10:54

yep pi's have to be holding at the record date. This is a great risk/reward opportunity for the pi's. The capital reconstruction and fundraising were the two barriers to a big re rating for the company. That is now underway but has a long way to run.
With such a low freefloat and market cap, mm's have to run the share price up quickly to meet what is going to be increasing demand over the next week

[mark knopfler] 17/1/2013 10:51

shorters ?

In this?

Are you sure ????

[parvez] 17/1/2013 10:47

loooks like shorters running for cover before 28th January which is the record date! wonder if they will drive the price up to anywhere towards 4p?

[21richyrich] 17/1/2013 10:31

Edit 180% nowPlease can this happen to sgo?Please :)

[parvez] 17/1/2013 10:31

sounds like an rns due?

[21richyrich] 17/1/2013 10:30

Amazed at share price increase..was put off earlier by the ridiculous spread but after rise of 133% should not have worried :(

[tomboyb] 17/1/2013 10:29

any reason? 133%

[howdlep] 17/1/2013 10:26

In addition to the fundraising, "following Completion of the Proposals and the waiver of the GBP5 million debt referred to above, IPSO Management will own the IPSO Investment Portfolio (which had a book value of circa GBP1.5 million as at 30(th) April 2012) and have no debt."

[howdlep] 17/1/2013 09:55

more small buying has resulted in a further tickup.

Now that the reorganisation has been agreed, interest should return to this stock. Investment news makes initial share price targets of 1.5p more than achievable.